Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations.
The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings.
The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each. * 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures. *
Culinary Excellence: A state-of-the-art chef's kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining.
The exterior is an extension of the home's luxury, crafted for the ultimate al fresco lifestyle. Enjoy a private, resort-style swimming pool, an outdoor shower, and a built-in gas grill. As the sun sets, the ambiance transforms with glowing pool lighting and the warmth of a custom swim up pool and spa and linear gas fire wall--the perfect setting for evenings under the coastal stars.
Proven performance, this property is a formidable investment. The estate demonstrates a robust and consistent revenue stream. The absence of an HOA grants the owner complete autonomy over rental management and usage. For those seeking a hands-off approach, the option remains to continue a partnership with the Southern Holiday Homes, ensuring the property remains a premier destination for high-end clientele.
Situated just moments from the turquoise waters and quartz-sand beaches of the Emerald Coast, this residence offers immediate access to the vibrant dining, golf, and leisure attractions of the 30A corridor.
Whether you are seeking a private family compound or a high-yield luxury investment, this estate represents a singular opportunity to secure a legacy property in one of the most desirable coastal markets.
For sale
$3,800,000
21 Penny Ln, Santa Rosa Beach, FL 32459
10beds
5,992sqft
Single Family Residence
Built in 2022
0.25 Acres Lot
$3,545,100 Zestimate®
$634/sqft
$-- HOA
What's special
Private resort-style swimming poolIntegrated elevatorSpa-inspired designer tileQuartz surfacesExpansive quartz countersHigh-end finishesBuilt-in gas grill
- 22 days
- 295
- 5
Zillow last checked:
Listing updated:
Listed by:
Mary A Richards 850-502-6035,
Compass Florida, LLC
Source: CPAR,MLS#: 795093
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 11
- Full bathrooms: 9
- 1/2 bathrooms: 2
Rooms
- Room types: Bedroom, Kitchen, Living Room, Recreation, Bonus Room
Bedroom
- Level: First
- Dimensions: 13.17 x 15.33
Bedroom
- Level: First
- Dimensions: 14.17 x 14.67
Bedroom
- Level: First
- Dimensions: 13.58 x 14.25
Bedroom
- Level: Second
- Dimensions: 14.75 x 18.75
Bedroom
- Level: Second
- Dimensions: 14.67 x 14.67
Bedroom
- Level: Third
- Dimensions: 14.58 x 18.75
Bedroom
- Level: Third
- Dimensions: 14.33 x 11.42
Bedroom
- Level: Third
- Dimensions: 14.33 x 13.17
Bonus room
- Level: Third
- Dimensions: 23.33 x 12
Kitchen
- Level: Second
- Dimensions: 18.42 x 18.67
Living room
- Level: Second
- Dimensions: 25.17 x 19.9
Recreation
- Level: First
- Dimensions: 31.83 x 19.9
Heating
- Central, Fireplace(s), Heat Pump, Zoned
Cooling
- Central Air, Ceiling Fan(s), Heat Pump, Multi Units, Zoned
Appliances
- Included: Electric Cooktop, Electric Oven, Gas Cooktop, Gas Range, Gas Water Heater, Ice Maker, Tankless Water Heater, Wine Cooler
Features
- Balcony, Double Vanity, Main Level Primary, Smart Home, Separate Shower, Smart Thermostat, Walk-In Closet(s)
- Doors: Insulated Doors
- Windows: Double Pane Windows
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 5,992
- Total interior livable area: 5,992 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Circular Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Balcony, Deck, Covered, Porch
- Exterior features: Barbecue, Deck, Outdoor Kitchen, Outdoor Shower
- Has private pool: Yes
- Pool features: Gunite, Gas Heat, In Ground, Salt Water, Private
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
Lot
- Size: 0.25 Acres
- Dimensions: 110.0 ft x 100.0 ft
- Features: Sprinkler System, Paved
Details
- Parcel number: 023S20341600000254
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Materials
- Steel Frame, Stucco, Wood Frame
- Roof: Tile
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Barbecue, Short Term Rental Allowed
- Security: Smoke Detector(s)
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: No
Location
- Region: Santa Rosa Beach
Financial & listing details
- Price per square foot: $634/sqft
- Tax assessed value: $3,039,315
- Annual tax amount: $26,363
- Date on market: 9/6/2026
Estimated market value
$3,545,100
$3.37M - $3.72M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Listed for sale | $3,800,000-3.8%$634/sqft |
Source: | ||
| 3/19/2026 | Listing removed | $3,950,000$659/sqft |
Source: | ||
| 2/4/2026 | Price change | $3,950,000-4.8%$659/sqft |
Source: | ||
| 9/16/2025 | Listed for sale | $4,150,000-7.8%$693/sqft |
Source: | ||
| 11/22/2023 | Sold | $4,500,000-2.2%$751/sqft |
Source: | ||
| 10/16/2023 | Pending sale | $4,599,999$768/sqft |
Source: | ||
| 8/28/2023 | Price change | $4,599,999-1.1%$768/sqft |
Source: | ||
| 8/7/2023 | Price change | $4,650,000-2.1%$776/sqft |
Source: | ||
| 7/18/2023 | Price change | $4,750,000-2.1%$793/sqft |
Source: | ||
| 5/2/2023 | Price change | $4,850,000-2%$809/sqft |
Source: | ||
| 3/14/2023 | Price change | $4,950,000-2.9%$826/sqft |
Source: | ||
| 3/12/2023 | Price change | $5,100,000+8.5%$851/sqft |
Source: | ||
| 2/2/2023 | Price change | $4,699,000-1.1%$784/sqft |
Source: | ||
| 12/8/2022 | Price change | $4,750,000-4%$793/sqft |
Source: | ||
| 11/26/2022 | Price change | $4,950,000-3.9%$826/sqft |
Source: | ||
| 11/9/2022 | Price change | $5,150,000-1.9%$859/sqft |
Source: | ||
| 10/18/2022 | Price change | $5,250,000-4.5%$876/sqft |
Source: | ||
| 10/8/2022 | Price change | $5,499,999-3.4%$918/sqft |
Source: | ||
| 8/22/2022 | Price change | $5,695,000-5%$950/sqft |
Source: | ||
| 7/20/2022 | Price change | $5,995,000-4.1%$1,001/sqft |
Source: | ||
| 7/13/2022 | Price change | $6,250,000-2.3%$1,043/sqft |
Source: | ||
| 6/24/2022 | Listed for sale | $6,400,000+75.3%$1,068/sqft |
Source: | ||
| 4/22/2022 | Sold | $3,650,000-8.6%$609/sqft |
Source: | ||
| 11/11/2021 | Pending sale | $3,995,000$667/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $27,462 -16.6% | $3,039,315 -15.7% |
| 2024 | $32,938 +13.1% | $3,605,971 +12.5% |
| 2023 | $29,114 +972.1% | $3,204,119 +993.4% |
| 2022 | $2,716 +78% | $293,040 +85.9% |
| 2021 | $1,526 | $157,630 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32459
Nearby schools
Schools provided by the listing agent
- Elementary: Van R Butler
- Middle: Emerald Coast
- High: South Walton
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







